Ethereum Price Faces Bearish Sentiment as History Points to Rebounds
- Ethereum sentiment hit a monthly low as past bearish phases preceded 14% and 7% rebounds.
- Bearish Ethereum sentiment alone does not signal an immediate recovery, Santiment says.ย
- MACD remained positive while the RSI held above 50, signaling sustained buying momentum.
Ethereum price remained under pressure as social sentiment across major crypto platforms dropped to one of its weakest levels in recent weeks. However, historical data shared by Santiment showed that similar periods of growing pessimism have previously been followed by short-term price recoveries.
At the same time, separate market data highlighted that institutional ETF demand continued to rise beneath the surface.
Ethereum Price Sentiment Turns Bearish Again
Santiment reported that Ethereumโs positive-to-negative social commentary ratio turned bearish for the third time within the past month. Tโฆ
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